Ukrainian banks categorized according to new criteria

The National Bank of Ukraine (NBU) moves to categorize banks into four groups according to new criteria, whereas previously banks have been grouped as per the size of their assets, according to a posting on the regulator's website.

Photo from UNIAN

The regulation was adopted by the NBU Committee on Banking Supervision and Regulation on December 31, 2015.

In accordance with the new criteria, banks are categorized into: banks with state share (with more than 75% state-owned), banks owned by foreign banking groups (which majority owners are foreign banking institutions), group I (banks, the assets share more than 0.5% of the banking system assets), group II (with the assets share less than 0.5% of the banking system assets).